Kingswood Wealth Advisors LLC Acquires 1,992 Shares of GE Aerospace $GE

Kingswood Wealth Advisors LLC boosted its holdings in shares of GE Aerospace (NYSE:GEFree Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,393 shares of the company’s stock after purchasing an additional 1,992 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in GE Aerospace were worth $3,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. REAP Financial Group LLC bought a new stake in GE Aerospace during the 3rd quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new stake in GE Aerospace during the 3rd quarter valued at approximately $26,000. Barnes Dennig Private Wealth Management LLC raised its stake in GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the period. Roble Belko & Company Inc raised its stake in GE Aerospace by 98.1% during the 3rd quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in GE Aerospace during the 3rd quarter valued at approximately $32,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen decreased their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. President Capital cut their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a report on Wednesday. Daiwa Securities Group assumed coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. Citigroup cut their price target on GE Aerospace from $380.00 to $353.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Wells Fargo & Company assumed coverage on GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.50.

Check Out Our Latest Stock Report on GE Aerospace

GE Aerospace Stock Performance

NYSE GE opened at $276.03 on Thursday. The stock has a market capitalization of $289.50 billion, a PE ratio of 33.99, a P/E/G ratio of 2.71 and a beta of 1.43. The business has a 50 day simple moving average of $310.02 and a two-hundred day simple moving average of $306.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.74. GE Aerospace has a 1-year low of $192.57 and a 1-year high of $348.48.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, research analysts predict that GE Aerospace will post 7.34 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, March 9th will be issued a $0.47 dividend. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.7%. GE Aerospace’s dividend payout ratio (DPR) is presently 23.10%.

Trending Headlines about GE Aerospace

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Insider Transactions at GE Aerospace

In other news, SVP Amy L. Gowder sold 4,000 shares of GE Aerospace stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total value of $1,222,920.00. Following the completion of the transaction, the senior vice president owned 16,535 shares in the company, valued at approximately $5,055,245.55. The trade was a 19.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 3,035 shares of GE Aerospace stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $305.51, for a total value of $927,222.85. Following the completion of the transaction, the vice president owned 10,583 shares of the company’s stock, valued at approximately $3,233,212.33. This trade represents a 22.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,398 shares of company stock worth $11,455,491. 0.19% of the stock is currently owned by company insiders.

GE Aerospace Profile

(Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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